Top Calls on Wall Street: Apple, Tesla, SpaceX, Micron, Nvidia, CoreWeave, Coinbase & More

Here are the biggest calls on Wall Street on Monday:

JPMorgan reiterates Apple as overweight

JPMorgan said its checks show Apple’s iPhone lead times are healthy. “While high lead times at this point in the cycle are not uncommon, the limited moderation into Week 3 suggests demand remains healthy following the stronger than expected Week 2 expansion.”

JPMorgan reiterates Tesla as neutral

JPMorgan lowered its price target to $415 per share from $445. “We reduce our delivery estimates for TSLA to reflect weaker than expected deliveries in China and US, offset partially by strength in RoW [rest of world].”

Jones Trading initiates CoreWeave as buy

Jones Trading said CoreWeave is firing on all cylinders. “Sitting at the Epicenter of AI/HPC Information Processing; Initiate at Buy.”

Jefferies downgrades Roblox to underperform from hold

Jefferies said bookings look too optimistic. “We are downgrading RBLX t o underperform (from Hold), as the 30% run in the stock post Q2 results reflects an overly optimistic view of the 12mo Bookings trajectory.”

Evercore ISI reiterates SpaceX as outperform

Evercore said it sees significant upside ahead. “SPCX remains one of our top picks...”

Baird reiterates Micron as outperform

The firm raised its price target to $1,520 per share from $1,280 ahead of earnings later this week. “We are incrementally positive on Micron n ear- and medium term, owing to 1) the recent surge in agentic AI demand, notably driving CPU demand and which we expect will be ongoing next year; 2) a deceleration in DRAM supply bit growth outlook industrywide for 2027 versus this year...”

Bank of America initiates IonQ as buy

Bank of America said the quantum computing company has plenty of upside. “We rate IonQ with a Buy. IonQ has the largest current revenue base in the public pure-play quantum comp set, with a trapped-ion architecture offering high fidelity, long coherence and flexible connectivity.”

Barclays reiterates Nvidia and Broadcom as overweight

Barclays said both company’s have robust balance sheets. “Balance sheets at NVDA and AVGO remain healthy and leveraging it to support partners or customers that lack sufficient financing is the best use of capital.”

KBW reinstates Coinbase as outperform

The firm said Coinbase is a share gainer. “We believe the cycle is turning, while COIN continues to gain global share.”